Berlin
The situation had become untenable for German industrialists, and it was under the threat of massive relocations, particularly to the United States, that Olaf Scholz, Robert Habeck and Christian Lindner finally buried the hatchet. The Social Democrat chancellor, his Green Minister for Economic Affairs and his liberal colleague for Finance have decided on the compromise that will help to make "made in Germany" competitive again. According to the German press, even the three men's entourage was kept out of the negotiations, to ensure their success.
The reduction in the price of electricity will be based on three pillars. First of all, a significant reduction in the electricity tax, from 1.537 cents per kWh today to 0.05 cents in 2024 and 2025, the minimum allowed by the European authorities. The measure will benefit all companies, from craftsmen to chemical giants, which are particularly energy-intensive. Its cost is estimated at €6 billion per year.
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